CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 18/07/2023

Fundamental analysis

18 July, 2023

During Asian trading, the US dollar inched lower against the Canadian dollar and is trading at 1.3185. Canada will report both CPI and Core CPI Month-on-Month for June later today. The United States will report Core Retail Sales Month-on-Month for June later today. Retail Sales Month-on-Month for June will also be reported. Industrial Production Month-on-Month for June is also set to print.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 18/07/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 18/07/2023

Support & Resistance Level Explanation
Resistance 2 1.3248 Daily R2
Resistance 1 1.3221 Daily R1
Support 1 1.3149 Daily S1
Support 2 1.3122 Daily S2

USDCAD Indicator Table - 18/07/2023

Indicator Signal
SMA 20 Buy
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USDCAD Indicator / Period Table - 18/07/2023

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Buy SellNeutral
SMA 20 Buy SellBuy

USDCAD 18/07/2023 - Reference Price : 1.3187

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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